Fintech Startup Zype’s Owner Easy Platform Turns Profitable In FY26, Posts ₹5.3 Cr PAT

Mumbai-based fintech company Easy Platform Services, the owner of digital lending startup Zype, turned profitable in fiscal year 2026 (FY26), reporting a consolidated profit after tax (PAT) of ₹5.3 crore. This marked a significant turnaround from a loss of ₹12.9 crore in the previous fiscal year (FY25). The startup's total income increased by 66.6% to ₹176.6 crore during FY26, up from ₹106 crore in FY25, according to ICRA ratings agency data.

Easy Platform maintained its profitability in the first quarter of FY27, posting a provisional PAT of ₹6.1 crore on a total income of ₹66 crore. The financial results were disclosed by ICRA in its rationale for assigning a provisional A-(SO) rating to pass-through certificates (PTCs) worth ₹8.07 crore issued by Nebula Trust 2026, a special-purpose trust for a securitization transaction backed by unsecured personal loan receivables from Easy Platform's NBFC subsidiary, Respo Financial Capital.

Total assets under management at Easy Platform grew 63.5% to ₹621.2 crore in FY26, from ₹379.9 crore in the prior fiscal year. This growth continued into Q1 FY27, where assets reached a provisional ₹798.4 crore. Asset quality improved at Easy Platform, with its gross stage 3 ratio (credit-impaired loans overdue more than 90 days) declining to 2.2% in FY26, from 3% in FY25, and further to 1.7% in Q1 FY27.

The gross stage 3 ratio remains below the regulatory threshold of 5%. The company's capital-to-risk weighted assets ratio (CRAR) improved to 33.3% in FY26, from 24.7% in FY25, and moderated to 23.6% in Q1 FY27, still above the RBI's 15% requirement. Founded in 2019 by Yogi Sardana and the late Ajay Relan, Easy Platform operates the digital lending platform Zype, offering unsecured personal loans to salaried individuals across India's Tier I, II, and III cities.

Easy Platform also owns 100% of Respo, an NBFC registered with the RBI, primarily focused on unsecured personal loans through Zype for acquisition, underwriting, servicing, and collections. Respo received its RBI NBFC license in June 2023. Zype recently raised ₹90 crore ($10.3 million) in its Series B round in August 2025, led by Japanese VC firm UNLEASH Capital Partners, with existing investor Xponentia Capital participating.

The investment increased Zype's total equity capital raised since inception to approximately $28 million. As of June 30, 2026, Xponentia Opportunities Fund I and II jointly held an 85.5% stake in Easy Platform, with UNLEASH Capital owning 4.7%, and Sadana 3.7%. Zype competes with consumer lending platforms like Fibe, KreditBee, and Navi.